

Investor's Corner
Tesla shareholders approve Elon Musk’s $2.6 billion performance award
Shareholders voted to approve Tesla’s new performance award for CEO Elon Musk on Wednesday, allowing the electric car maker and energy company to keep the billionaire entrepreneur as its head for the next decade. With Musk’s $2.6-billion pay plan approved, Tesla is now set to take on its biggest challenge yet, with the company aiming to reach a market cap of $650 billion by the end of the 10-year-mark.
The votation for Musk’s high-stakes, high-reward compensation plan was held at the Tesla Training Center on Fremont, CA, where shareholders voted for or against the 10-year plan. Proxy cards from shareholders submitted through the internet, phone, and regular mail also determined if Musk’s award would be approved.
Patterned after Elon Musk’s 5-year performance award back in 2012, the new 10-year plan requires several breakthroughs for Tesla before the serial tech entrepreneur would be compensated. Under the new plan, Musk would only get rewards if he meets 12 milestones for Tesla, comprised of $50 billion additions to the company’s market cap and a series of operational targets. If Tesla fails to attain these goals, Musk would not be compensated at all. Tesla’s investor communication describes the high-stakes nature of Musk’s performance award.
“For each of the 12 tranches that is achieved, Elon will vest in stock options that correspond to 1% of Tesla’s current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation.”
Musk’s performance award was not approved without opposition, however. Earlier this month, proxy advisor companies Institutional Shareholder Services Inc. and Glass Lewis & Co. issued a statement encouraging shareholders to deny Musk the 10-year compensation plan. According to the advisor firm, the potential income and the sheer amount of shares that Musk would command if he succeeds would be far too much for one person to hold.
Tesla’s other investors, however, such as Baillie Gifford & Co. and T. Rowe Price Group Inc., which command a combined 14% of Tesla’s shares, have publicly expressed their support for Musk’s new performance award prior to Wednesday’s vote.
If Elon Musk succeeds in accomplishing Tesla’s goals for the next ten years, the electric car maker and energy company have a market cap of $650 billion. This is well into the territory of the tech industry’s most prominent companies such as Apple and Google, both of which have market caps that are closing in on the $1 trillion mark.
The full, detailed results of today’s votation will be available on the official SEC website (www.sec.gov) by Tuesday next week. The complete tally of the votes for and against Musk’s performance award will be accessible from the government site on March 28, 2018.

Elon Musk
NYC Comptroller moves to sue Tesla for securities violations

New York City Comptroller Brad Lander is urging the NYC Law Department to sue Tesla for securities violations related to CEO Elon Musk’s involvement in the Department of Government Efficiency (DOGE).
Lander said the basis for the potential litigation lies on “material misstatements from Tesla claiming that CEO Elon Musk spends significant time on the company and is highly active in its management, despite his helming the Trump Administration’s DOGE initiative.”
🚨 NEWS: New York City Comptroller Brad Lander wants to sue Tesla by claiming CEO Elon Musk’s role as the head of DOGE is hurting the stock.
Lander said that Musk was “effectively quitting his job at Tesla” by assuming the role with DOGE. pic.twitter.com/p9eMq9mMbr
— TESLARATI (@Teslarati) April 1, 2025
It is a common complaint amongst some Tesla shareholders who are less than enthusiastic about Musk’s involvement in DOGE. Some feel as if Musk is not concerned about Tesla, especially as the stock has dropped over 28 percent this year. However, Musk has continued to double down on his position within the U.S. government.
Nevertheless, Musk’s position in Tesla is still very apparent. He headed an All-Hands meeting just two weeks ago that showed his commitment to the company as he outlined future plans and even joked to employees that they should hold onto their stock.
However, Lander believes Musk’s involvement has hurt New York City pension systems, which have lost over $300 million so far this year. He said:
“In less than three months, Tesla stock has lost nearly 40% of its value, with losses over $300 million for the New York City pension systems. We have long expressed concerns that the Tesla board has failed to provide independent oversight, or to require that Musk – or someone else – serve as a full-time CEO.”
Lander went on to say that “material misstatements from Tesla misled investors about his role at the company,” stating this was his reasoning for calling on the Law Department to file securities litigation against the company.
He believes taking it to court will force changes and will return Tesla shares back to a level that will benefit pension systems in New York City:
“Shareholder litigation could force the changes in governance and leadership that Tesla needs, and help recover some of our pension systems’ losses. Otherwise, we may need to consider divestment.”
The pension systems would be able to pursue financial damages to cover losses and seek governance changes, it says.
Investor's Corner
Tesla (TSLA) shares company-compiled Q1 2025 delivery consensus
Analysts are expecting the electric car maker to post 377,592 deliveries for Q1 2025.

Tesla (NASDAQ:TSLA) has released its Q1 2025 company-compiled delivery consensus of sell-side analysts. Based on Tesla’s release, it appears that analysts are expecting Tesla to post conservative vehicle delivery results for the first quarter.
Images of Tesla’s Q1 2025 company-compiled consensus were shared recently on social media.
The Consensus
As could be seen in Tesla’s first quarter 2025 company-compiled vehicle delivery consensus, analysts are expecting the electric car maker to post 377,592 deliveries for Q1 2025. Analysts expect this number to be comprised of 351,893 Model 3/Model Y and 21,241 other models.
The company-compiled consensus also suggests that Tesla will see total deliveries of 1,851,001 vehicles this Full Year 2025. From this number, analysts expect 1,693,397 units of the Model 3 and Model Y and 145,162 units of Tesla’s other models.
The sources
Tesla’s company-compiled consensus was based on estimates from 27 firms. These include Daiwa, DB, Wedbush, Cowen, OpCo, Canaccord, Baird, Wolfe, Exane, GS, Evercore ISI, Barclays, PSC, Mizuho, BofA, Wells Fargo, Morgan Stanley, Truist, UBS, Jefferies, Guggenheim, JPM, Redburn, Needham & Co, HSBC, Cantor Fitzgerald, and William Blair.
FactSet expectations
As noted in an Investor’s Business Daily report, FactSet estimates suggest that Tesla will see vehicle deliveries of 407,900 units in Q1 2025. Such a number is quite optimistic considering that Tesla’s sales of its best-selling vehicle, the Model Y, were throttled during the quarter due to the company’s transition to the new Model Y.
Beyond Q1 deliveries, Tesla’s first quarter vehicle delivery results could trigger revisions to the company’s full-year delivery and earnings forecasts. FactSet data shows Q1 earnings estimates hitting 48 cents per share, down from 57 cents in late January and 74 cents late last year. For 2025, analysts now see earnings per share climbing 13% to $2.74, a drop from $3.31 before the Q4 earnings release.
Elon Musk
Elon Musk clarifies Trump tariff effect on Tesla: “The cost impact is not trivial”
The U.S. President has stated that Elon Musk stayed silent and provided no input in the administration’s tariffs.

U.S. President Donald Trump’s plan to implement a 25% tariff on non-U.S.-made vehicles starting next week would affect American electric car maker Tesla.
This was confirmed by CEO Elon Musk in a recent post on social media platform X.
Musk and Trump
While Elon Musk works closely with the Trump administration due to his role in the Department of Government Efficiency (DOGE), the U.S. president has emphasized that the Tesla CEO never asks for favors. This was highlighted in his recent comments, when he stated that Elon Musk stayed silent and provided no input in the administration’s 25% auto tariffs.
When asked by reporters if the new tariffs would be good for Tesla, Trump noted that they may be “net neutral or they may be good.” The U.S. president also pointed to Tesla’s automotive plants in Fremont, California and Austin, Texas, which produce vehicles that are sold in the country. “Anybody that has plants in the United States — it’s going to be good for them,” Trump noted.
Tesla Affected
In a post on X, Elon Musk clarified that the Trump administration’s tariffs would affect the prices of vehicle parts that are sourced from other countries. This was a concern that Tesla previously outlined in a letter to the U.S. Trade Representative, which noted that even with “aggressive localization” of its supply chain, “certain parts and components are difficult or impossible to source within the United States.”
As per Musk in his recent post on X, the cost impact of the Trump administration’s tariffs is no joke. “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial,” Musk wrote in his post.
Potential Effects
Reactions to Musk’s comments from users of the social media platform were varied, with some speculating that the Trump auto tariffs could result in Teslas becoming more expensive in the United States. Despite this, the potential increases in Tesla’s vehicle prices might not be as notable as other cars, particularly those that are produced outside the country.
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